3 ms·
I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.
by exogeny 4y ago
I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.
- 1270018080 4y agoAll SPACs, and some traditional IPOs, are a last ditch effort of dumping worthless equity onto naive retail investors.
- bombcar 4y agoThe fact that some recover and become "real companies" doesn't detract from this. Beware the IPO and the SPAC.
- Mistletoe 4y ago> The company in February projected an operating loss of $43.2 million this fiscal year on sales of $47.4 million and an operating loss of $44.7 million in fiscal 2023 on sales of $63.5 million. Nice stats haha.